Disruptive Technology Research Articles

Pooling and repooling risk: The limits of Insurtech platforms in inclusive insurance

Abstract This article investigates the promise of Insurtech to expand the frontier of the insurance market to include vulnerable populations around the world. It contributes to current debates on the proliferation of new technologies for financial inclusion as embedded in contemporary forms of platform-based capitalism. We argue that Insurtech’s promises fall short of expectations because of the contradiction between the principles of platform scalability and insurance risk pooling. Such contradictions lead Insurtech platforms to unpool risk rather than provide innovative technologies to pool it. This ultimately limits the expansion of markets for inclusive insurance as Insurtech platforms struggle to scale up the market through their supposedly disruptive technology. Our analysis draws on a range of regulatory reports, complemented by in-depth interviews with Insurtech executive officers. The article offers insights into the contradictory principles currently driving the digital inclusive insurance market, as well as the limits to the ongoing global expansion of platform capitalism.

Adaptation of Islamic Criminal Law in Facing Digital Economic Crime in the Era of Technological Disruption

The rapid development of digital technology has significantly impacted various aspects of life, including the economy, but it has also given rise to complex digital economic crimes. This research examines the adaptation of Islamic criminal law in facing the challenges of digital economic crimes, such as online fraud, money laundering, and skimming. The method used is qualitative with a descriptive-analytical approach, relying on literature and official documents. The research findings indicate that Islamic criminal law needs to update its definitions and classifications of crimes to include actions in the digital space and apply principles of justice, prevention, rehabilitation, legal certainty, and limitations on punishment. In addition, using technology in law enforcement and international cooperation is crucial in addressing transnational crime. With a comprehensive approach, Islamic criminal law can serve as an effective tool in creating a safer and more just society in the era of technological disruption.

Technology evaluation: a systematic review and implications for ethical technology management in tourism and hospitality

ABSTRACT The widespread adoption of disruptive technologies in tourism and hospitality significantly enhances service productivity while concurrently raising critical ethical considerations. However, a study that develops into such a focus shift in technology evaluation research is absent. This systematic review attempted to fill this research gap and reviewed 213 articles recently published in Social Science Citation Index – listed tourism and hospitality journals. This study critically examines the evolving role of technology evaluation. Moreover, this paper offers valuable implications for technology evaluation research that promotes ethical technology management in the new decades of digital revolution.

Matching supply chain management challenges with blockchain applications

Purpose This study aims to explore the potential of blockchain technology in the field of supply chain management (SCM). The research is motivated by the emerging significance of blockchain as a disruptive technology that can potentially address a range of challenges faced by SCM professionals globally. Design/methodology/approach In our approach, this paper utilized a knock-out criteria approach to break down 150 identified challenges in SCM to a more manageable number of 12. The Analytic Hierarchy Process (AHP) was then used to prioritize these challenges in order of their relative importance and suitability for resolution through blockchain. Findings The analysis identified key challenges to be addressed by blockchain technology in SCM. Most notably, it highlighted concerns related to price stability and global financial flows, which closely intertwine. Another significant group of issues pertains to tracking, tracing and the demonstration of sustainability, thus suggesting a substantial potential for blockchain application in these areas. The fifth notable challenge revolves around establishing ownership rights over digital assets or software. Originality/value This study identified key challenges in SCM with significant potential for blockchain intervention including price stability, global financial flows, tracking, tracing and the establishment of digital asset ownership. Research gaps exist despite notable progress in applications such as inflation control and tracking – especially in areas like ownership rights and e-commerce. The findings indicate that blockchain has the potential to address SCM challenges and that further exploration and implementation are necessary.

Data and contemporary economics: role, paradox and development

PurposeA more accurate comprehension of data elements and the exploration of new laws governing contemporary data in both theoretical and practical domains constitute a significant research topic.Design/methodology/approachBased on the perspective of evolutionary economics, this paper re-examines economic history and existing literature to study the following: changes in the “connotation of production factors” in economics caused by the evolution of production factors; the economic paradoxes formed by data in the context of social production processes and business models, which traditional theoretical frameworks fail to solve; the disruptive innovation of classical theory of value by multiple theories of value determination and the conflicts between the data market monopoly as well as the resulting distribution of value and the real economic society. The research indicates that contemporary advancements in data have catalyzed transformative innovation within the field of economics.FindingsThe research indicates that contemporary advancements in data have catalyzed disruptive innovation in the field of economics.Originality/valueThis paper, grounded in academic research, identifies four novel issues arising from contemporary data that cannot be adequately addressed within the confines of the classical economic theoretical framework.

NEO-INDUSTRIALIZATION AND INTELLECTUAL PROPERTY IN BRAZIL

Neoindustrialization represents a significant evolution of traditional industry, marked by the adoption of disruptive technologies that transform production processes and business models geared towards Industry 5.0. The concept of Neoindustrialization has gained relevance in contemporary economic and technological debates. This term refers to a new phase of industrial development characterized by the advanced integration of digital technologies, automation, artificial intelligence and sustainable innovation. At the same time, intellectual property emerges as a crucial pillar, playing a central role in protecting and promoting the innovations that drive this transformation. These changes bring significant benefits, such as increased productivity, reduced costs and the creation of new markets. However, they also present challenges, such as the need to retrain the workforce and adapt existing infrastructures. The methodology used to conduct the research was the qualitative, quantitative and bibliographic method. The objective of this research was to identify which actions within the NIB are geared towards Intellectual Property policy.

Harnessing Disruptive Technologies: Strategic Approach to Retail Product Innovation

Innovations in the retail industry, like Amazon's Just Walk Out (JWO) technology, are changing the way people shop by providing a cashierless experience. This article examines how to strategically utilize disruptive technologies for retail product innovation, with JWO as a case study. The examination summarizes JWO technology, its uptake, and the obstacles encountered during implementation. The research also explores the business dynamics of technological advancement, underlining the crucial role of disruptive technologies in improving customer satisfaction, operational effectiveness, and product creativity. The document points out the main drawbacks of JWO technology, such as restricted scalability, expensive implementation and operational costs, and the requirement for frequent technology updates. Suggestions for enhancing JWO technology and its utilization include implementing a licensing or subscription-based business model, incorporating modular design, and enhancing flexibility. The research also covers tactical factors for merchants when adopting innovative technologies, highlighting the significance of prioritizing customer needs, evaluating costs and benefits, considering scalability, building partnerships, and incorporating other technologies. The paper ends by emphasizing the capability of disruptive technologies to change the retail sector and the requirement for companies to find a balance between innovation and practical factors to thrive in a competitive environment. Keywords—Disruptive Technologies, Retail Product Innovation, Just Walk Out (JWO), Customer Satisfaction, Operational Efficiency, Machine Learning, Artificial Intelligence(AI), Technology Strategy, Machine learning (ML), Data.

The permanent adjustment process: A theoretical approach to structural change in commercial ports from the nineteenth century onwards

This article proposes a theoretical approach to the development of Western commercial ports from the Industrial Revolution onwards. It is based both on a bibliographical corpus devoted to port history and on personal research into the main French ports of the nineteenth century. This work was based on two main sources: firstly, the Annales des Ponts et Chaussées, which recorded the experiments and theoretical work carried out by the engineers of this government body; and secondly, the Actes législatifs et Dépenses concernant les Travaux de Navigation Intérieure et Maritime de 1814 à 1900, a document published by the Ministry of Public Works which provides information on the budgets allocated to the main French ports. This reflection shows that since the nineteenth century the development of ports has been subject to a permanent adjustment process, with four main characteristics: disruptive innovation, spatial adaptation, selective adaptation and one-way adaptation.

New Approaches to Researching AI Crime: Institutionalization of Digital Criminology

Objective: the article deals with modern scientific approaches to the “digital society”, identifies new criminological perspectives, such as that of digital criminology in an ever-changing hybrid world, in the scientific study of the potential use of AI by criminals, including what is referred to here as AI crime.Methods: this article is an essay commonly used in humanities and social sciences, as the author aims to present provocative arguments to encourage readers to rethink AI issues in relation to criminality in the “hybrid world” based on a non-systematic literature review. The arguments should be supported by relevant references to “digital criminology” and its non-binary way of thinking in favour of a techno-social approach.Results: the era of divided perspectives is coming to an end, and it’s time for synergies, especially at the interdisciplinary level. The «mirror of artificial intelligence» can help identify flaws and solutions, ensuring the future of AI and human society is decided by the people. In a digital society, technology is integrated into people’s lives, including crime, victimization, and justice. Digital technologies blur the boundaries between online and offline realities, creating a human-technological hybrid world where crimes occur in virtual networks. AI has potential for social good and Sustainable Development Goals, but concerns about human rights violations need to be addressed. Multidisciplinary approaches are needed to ensure safe use, address education inequalities, enhance justice, and identify online behavior as deviant or criminal. In the context of emerging technoethics, the idea that this unofficial norm, derived from a popular belief, will be the ‘touchstone’ for characterising online mediated behaviour as deviant/ crimninal, is missing - or rather in the process of being formed.Scientific novelty: the author aims to provide some insightful thoughts on formulating the right questions and interesting reflections from a technoethical perspective on the phenomenon of the use of information and communication technologies for criminal purposes under the catalytic influence of AI, recognising the social challenges arising from technological disruption (e.g. prediction and prevention through the transformation of policing, increased surveillance and criminal justice practises) in “digital society”.Practical significance: some of the initial ideas of this theoretical material can be used in the elaboration of proposals for amendements and additions to the current crime legislation, as well as in pedagogical activity, especially in the implementation of educational courses or modules on crime in the context of the digital transformation of society.

Influence of Electronic Procurement Processes on Procurement Performance of Uasin Gishu County Government, Kenya

This study aimed to investigate the influence of electronic procurement processes (e-procurement) on procurement performance in Uasin Gishu County, Kenya. The growing importance of web-based procurement models and information communication technology (ICT) in enhancing supply chain value generation is the backdrop for this research. Although prior studies have indicated the advantages of e-procurement in terms of reduced processing time, cost savings, enhanced data accuracy, and increased efficiency, several gaps and limitations exist in the existing literature. This study addresses these gaps by providing a comprehensive exploration of the impact of various e-procurement dimensions on procurement performance, with a specific focus on a devolved government entity in Kenya. This examination evaluated the influence electronic on performance of Uasin Gishu County, Kenya. The study sought to establish the effect of electronic sourcing and ordering on procurement performance within the county government. The study drew on theoretical frameworks, including the Disruptive Innovation Theory and the Diffusion of Innovation Theory, to determine extent to which electronic procurement influence the performance of procurement unit. A concurrent parallel mixed design was employed to facilitate an in-depth analysis of the research variables. The target population comprises of supply chain officers, user department heads, and accounting officers in Uasin Gishu County Government, totaling 96 respondents. A census sampling method was employed due to the relatively small population size. Data was collected through questionnaires and analyzed quantitatively. The analysis included descriptive statistics such as frequency distributions, means, and standard deviations. The study findings were presented using tables and figures for clarity and easy interpretation. The study concluded that integrating electronic payment into Uasin Gishu County’s e-procurement framework enhances efficiency by speeding up transactions and reducing manual effort and electronic sourcing strengthens supplier engagement, ensures clear communication of requirements, and enables effective performance tracking. The study recommended that adopting electronic invoicing accelerated payments, reduce errors, and improve accuracy. Additionally, investing in an integrated e-procurement system will facilitate seamless communication among departments involved in procurement.

Rozwój technologii kwantowej: wyzwania i aspekty regulacyjne. Przegląd wybranych zagadnień prawnych

In the era of the Fourth Industrial Revolution, quantum technology is entering the scene with the promise of radically changing the technological paradigm. Quantum computing, simulation, quantum communications and the combination of this technology with artificial intelligence are opening up new horizons of innovation that could revolutionize various industries. Along with its enormous potential, this technology brings legal, ethical and social challenges that require detailed analysis and an interdisciplinary approach. The industrial deployment of quantum technology entails dilemmas regarding human rights, cyber security and national security, as well as the risk of exacerbating inequality, technological exclusion and algorithmic discrimination. With regard to artificial intelligence enhanced by quantum computing technology, we can speak of a completely new facet of the problem of the opacity of algorithms, which is determined not only by the cognitive limitations of the human mind, but stems from the indefinability of the world described by the laws of quantum mechanics. In light of the above, the thesis can be advanced that the classical approach to the principle of transparency and the postulates of creating algorithms that will clearly present the path to the final result, which are part of the broad current of creating ethical and explainable artificial intelligence, may prove difficult to realize in relation to Quantum AI. In the era of the Fourth Industrial Revolution, we are therefore faced with the challenge of implementing new instruments for testing, certifying and inspecting algorithms, such as tools for analyzing and visualizing the results of quantum algorithms, which will be suited to the specifics of Quantum AI and ensure the ethical correctness of the systems. This article will identify selected areas of application of quantum technology, and thus the potential benefits and risks of quantum technology, and also analyze the need to develop ethical and legal standards that allow for the sustainable and socially responsible development of these disruptive technologies.

The Influence of Green Strategic Management, Strategic Flexibility, Entrepreneurial Orientation on Sustainable Competitive Advantage, and Moderation of Disruptive Technology in Book Publishers in Central Jawa

Purpose: This study investigates the influence of Green Strategic Management (GSM), Strategic Flexibility (SF), and Entrepreneurial Orientation (EO) on Sustainable Competitive Advantage (SCA) in the book publishing industry of Central Java, with Disruptive Technology (DT) acting as a moderating factor. Theoretical Reference: The research is grounded in Resource-Based View (RBV), Dynamic Capabilities Theory, and Disruptive Innovation Theory. These frameworks explore how GSM, SF, and EO create a competitive advantage while disruptive technologies impact their relationships. Method: The study utilized survey data collected from 242 book publishers in Central Java, determined using Slovin's formula for sample size calculation. The data were analyzed using the Partial Least Squares (PLS) method to assess the studied variables' direct and moderating effects. Results and Discussion: The findings indicate that GSM, SF, and EO positively and significantly influence SCA. Furthermore, DT positively moderates the relationship between GSM and EO but does not moderate the relationship between SF and EO. This suggests combining green strategies and entrepreneurial actions can enhance competitive advantages due to technological disruptions. Research Implications: The study suggests that book publishers adopting GSM, SF, and EO will achieve better competitive performance, particularly when leveraging disruptive technologies. The practical implications include guiding publishers in developing adaptive strategies to meet sustainability and technological challenges. Originality/Value: This research provides novel insights into the role of GSM, SF, and EO in sustaining competitive advantage within the context of the rapidly evolving publishing industry and how disruptive technologies can further amplify or limit these effects.

Teachers' perceptions of principals’ digital leadership practices in a school district in a developing country

The fourth industrial revolution's (4IR's) disruptive digital technologies and innovations are radically altering the educational environment. The aim and structure of schooling have become progressively digital and different from the norm. Understanding principals' digital leadership practices is particularly important in the transition to digital learning as it involves navigating the digital change process in schools. This study investigated teachers' perceptions of principals' digital leadership practices in their attempts to keep up with the digital shift. Drawing on the four core principles of transformational leadership theory, the study sought to identify leadership practices that could mobilise digital learning. A generic qualitative approach was used. The study looked at three public primary schools in the Gauteng West district in South Africa. Data were generated by means of three focus group interviews with teachers and individual interviews with three principals. The findings revealed that leadership in these schools was mainly confined to conventional leadership practices which did not promote the practice of digital leadership. The findings exposed the need for principals to improve their knowledge of digital leadership in their leadership practices. The findings further highlighted the need for system-wide change in the South African education sector to support principals in transforming schools into digital learning environments. These findings contribute to the theoretical knowledge of principals' digital leadership practices.

Renewable Solar Energy Facilities in South America—The Road to a Low-Carbon Sustainable Energy Matrix: A Systematic Review

South America is a place on the planet that stands out with enormous potential linked to renewable energies. Countries in this region have developed private investment projects to carry out an energy transition from fossil energies to clean energies and contribute to climate change mitigation. The sun resource is one of the more abundant sources of renewable energies that stands out in South America, especially in the Atacama Desert. In this context, South American countries are developing sustainable actions/strategies linked to implementing solar photovoltaic (PV) and concentrated solar power (CSP) facilities and achieving carbon neutrality for the year 2050. As a result, this systematic review presents the progress, new trends, and the road to a sustainable paradigm with disruptive innovations like artificial intelligence, robots, and unmanned aerial vehicles (UAVs) for solar energy facilities in the region. According to the findings, solar energy infrastructure was applied in South America during the global climate change crisis era. Different levels of implementation in solar photovoltaic (PV) facilities have been reached in each country, with the region being a worldwide research and development (R&D) hotspot. Also, high potential exists for concentrated solar power (CSP) facilities considering the technology evolution, and for the implementation of the hybridization of solar photovoltaic (PV) facilities with onshore wind farm infrastructures, decreasing the capital/operation costs of the projects. Finally, synergy between solar energy infrastructures with emerging technologies linked with low-carbon economies like battery energy storage systems (BESSs) and the use of floating solar PV plants looks like a promising sustainable solution.

“Planetary phase shift” as a new systems framework to navigate the evolutionary transformation of human civilisation

Purpose The paper aims to address a gap in foresight study and practice relating to the lack of unifying theoretical systems frameworks capable of examining empirical data from across a wide range of different ecological, social, political and economic systems. It attempts to develop a new “collective forward intelligence” that can not only make sense of these disparate trends and processes as symptoms of a wider planetary system but also, on this basis, construct accurate and plausible future scenarios to underpin national and international decision-making. Design/methodology/approach This study conducts a transdisciplinary integration of C. S. Holling’s adaptive cycle with phase-transition phenomena across biology, physics and chemistry, applied on societal and civilisational scales. A systems methodology is then applied to integrate historical and empirical data across the energy, food, transport, materials and information sectors of civilisation’s production system. Findings The paper develops planetary phase shift theory as a new collective forward intelligence framework for foresight study and practice, formalising the notion that humanity has arrived at an unprecedented historic and geological turning point. It finds that multiple global crises across both earth and human systems are symptoms of the last stages of the life-cycle of global industrialisation civilisation, which is the potential precursor either for collapse, or for a new civilisational life-cycle that may represent a new stage in the biological and cultural evolution of the human species. Research limitations/implications The research sets out a new empirically grounded theoretical framework for complex scenario analysis. This can develop more robust approaches to foresight study and practice, scenario development and forecasting. It suggests the need for a new research programme to understand the dynamics of the planetary phase shift and its diverse implications for societies, industry, technology and politics. The research is limited in that the current paper does not explore how it can be applied in this way. It identifies broad scenarios for a post-industrial civilisational life-cycle but does not identify the variety of complex subsets of these. Practical implications The paper provides powerful practical implications to develop new methodology based on planetary phase shift theory for strategic planning, risk assessment and management, as well as public policy and decision-making. Social implications The paper suggests the urgency and necessity of bold and radical societal transformation and implies key areas for civil society to focus on in innovating new values, worldviews and operating systems with a focus on the next life-cycle. Originality/value To the best of the author’s knowledge, this paper provides the first integrated transdisciplinary theoretical and empirical framework to understand how the interplay of earth system crises, societal change and technology disruptions is driving large-scale civilisational transformation with complex local ramifications.

EU digital law and the digital platform economy—an inquiry into the co-evolution of law and technology

AbstractEU digital policy is currently one of the most ambitious and far-reaching endeavors to regulate the digital economy. Online platforms in multisided markets with digital ecosystems lie at the heart of digital technologies and business models. Among others, they pose new challenges with regard to the abuse of a dominant market position, thus ultimately reducing competition and innovation. This paper outlines an evolutionary approach to the co-evolution of law and technology with collective cognitive constructs and wealth effects as essential drivers (Eckardt (2001, 2008). It is then applied to the evolution of EU law in this field. After an overview of the evolution from telecommunication monopolies to the current digital platform economy, a case study presents firstly the Google Search (Shopping) case (2010–2024). Based on traditional EU competition law, it resulted in gradual judge-made legal innovation. It also generated new knowledge about the shortcomings of the ex post approach of EU competition law when applying it to the digital platform economy. As a consequence, secondly, the introduction of the Digital Markets Act (DMA) (2020 onwards) as a radical statutory innovation is discussed. The DMA introduced a novel ex ante regulation for large online platforms to overcome the problems of traditional EU competition law. Finally, the paper reflects on the impact of wealth effects and the (co-evolving) cognitive constructs of the relevant players as drivers in this current example of the co-evolution of law and technology. The paper concludes with an outlook on further areas of empirical and conceptual research that can provide a better understanding of the co-evolution of law and technology and allow for better policies in regard to disruptive technological innovation.

Machine-Learning Applications in Thrombosis and Hemostasis.

The use of machine-learning (ML) algorithms in medicine has sparked a heated discussion. It is considered one of the most disruptive general-purpose technologies in decades. It has already permeated many areas of our daily lives and produced applications that we can no longer do without, such as navigation apps or translation software. However, many people are still unsure if ML algorithms should be used in medicine in their current form. Doctors are doubtful to what extent they can trust the predictions of algorithms. Shortcomings in development and unclear regulatory oversight can lead to bias, inequality, applicability concerns, and nontransparent assessments. Past mistakes, however, have led to a better understanding of what is needed to develop effective models for clinical use. Physicians and clinical researchers must participate in all development phases and understand their pitfalls. In this review, we explain the basic concepts of ML, present examples in the field of thrombosis and hemostasis, discuss common pitfalls, and present a methodological framework that can be used to develop effective algorithms.

Evaluating the Educational Impact of 3D-Printed Toys in Elementary Settings: A Mixed-Methods Study

This study explores the impact of integrating the use of disruptive technologies on 3D-printed toys within elementary education through a mixed-methods approach, combining an experimental design with qualitative interviews. Focusing on the potential of disruptive technologies to innovate educational practices, we divided participants into control and experimental groups, the latter engaging with the 3D-printed educational toys. Despite the innovative application of 3D printing technology in educational settings, our findings reveal no significant differences in the learning outcomes between the two groups. Therefore, this research contributes to the literature on educational innovation, suggesting that the mere introduction of novel technologies, such as 3D printing, may not be sufficient to enhance learning effectiveness. Regarding practical implications, the study is aimed at scholars, teachers, and educational managers, to underscore the necessity of a critical assessment of educational tools and calls for further investigation into how technology integrates into pedagogical frameworks to truly benefit elementary education. Received: 12 July 2024 / Accepted: 31 October 2024 / Published: 05 November 2024

Analisis Current Ratio, Debt To Equity Ratio, Dan Earning Per Share terhadap Harga Saham: Studi Keuangan pada Sektor Teknologi yang terdaftar di Bursa Efek Indonesia Pada Tahun 2022

The current economic and information technology disruption has a huge impact on many business sectors. This study aims to determine the effect between current ratio, debt to equity ratio, and earning pershare on Stock Price. The methods used in this research are descriptive and associative methods through a quantitative approach. Data analysis using multiple linear analysis with SPSS application. The population in this study were 46 issuers of Technology Sector Companies listed on the Indonesia Stock Exchange in 2022. The sample used in this study amounted to 32 technology sector issuers listed on the Indonesia Stock Exchange in 2022 which were obtained using Purposive sampling technique. The research data used in this study include primary data and secondary data, namely observation, interviews, questionnaires, literature studies, and documentation. The results of this study There is a significant influence of Current Ratio, Debt to Equity Ratio and Earning Pershare on Stock Price.

Resilience Challenges to Auto-ancillary Sector with EV Disruptions: Identifying Enablers Towards Long-term Sustainability

The study explores the impact of EV disruption on Indian auto-ancillary firms and identifies the resilience enablers that can sustain the challenges and long-term survival. We use SAP-LAP analysis to examine the situation, key actors, and process affected; further, resilience enablers were identified based on key learnings from SAP parameters interaction. Using MTISM, we explored the resilience enablers hierarchy from the elementary level to the highest echelon. Further, to examine the practical validity of the framework, strategic initiatives implemented by auto-ancillary players listed on the Indian bourses were captured. We found three-level resilience enablers to withstand the disruptive market shift; internal transformation and strengthening legacy capabilities as the prime survival option, followed by radical innovation independently or by collaborating with the expertise firms for resources and technology. Disruptive innovations, mergers, and acquisitions are the highest turnaround strategies driving long-term sustainability and value enhancement.